6 Mar 2012.... Does my company need to pay me a market salary?
IRD has taken a position since the cases of IRD against Penney & Hooper and may challenge income from personal exertion diverted to say a family member on a lower tax rate via a Company.
This could have implications for tradesmen operating under a company as well as professionals who are the IRD's primary target under this heading.
For more information see the article
"Does my company need to pay me a market salary?" on the Legal Information page of this website.